Australand Property Group , which is part owned by Singapore's CapitaLand , said on Wednesday it has set up a logistics joint venture with Singapore sovereign fund GIC. The venture has a target investment size of A$450 million.
The joint venture will initially invest in a portfolio of eight prime industrial assets that will come from Australand, with a total value on completion of A$220 million, Australand said..............................................Full Article: Source